Kenya has spent Sh71.17 billion to subsidize diesel, super and kerosene in the six months to June, highlighting the burden of the fuel stabilization scheme on the national budget. Consumption …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
FGN announces takeover of four underperforming DISCOs
The Federal Government of Nigeria has announced that it has completed the takeover of four struggling distribution companies, Kaduna, Kano, Ibadan, and Port Harcourt DISCOs This was announced by the …
- Eastern AfricaEconomyHealthcareTechnology
The co-founder of the IT firm SevenSeas Technology Limited wins Sh1.6bn against State in cancelled IT tender
Businessman and co-founder of the IT firm SevenSeas Technology Limited, Michael Macharia, has won a Sh1.6 billion award against the government following a cancelled contract to wire 98 State hospitals. …
Mr. Li Xuda, Cultural Counselor of the China Cultural Centre, Abuja says China will open its market to Nigeria for the West African country to export its art and crafts …
- Central AfricaEnergyRwanda DailySouthern AfricaSpotlight
GCF raises $100m funding towards green development in Rwanda
GCF, Green Climate Fund, has so far given $100 million funding to Rwanda for urgently needed climate action, according to Yannick Glemarec, the fund’s Executive Director. GCF is the world’s …
Walmart may launch a platform that will use social media influencers to help the retailer and its 100 000 third-party sellers promote their goods and services online, according to trademark …
- AfricaAFRICA NEWSBusinessGhanaNewsWestern Africa
Fitch projects Ghana’s interest cost to exceed 45% of revenue till 2024
Fitch, a global rating agency, is projecting an interest cost of more than 45% of revenue for Ghana from now till 2024. It says government interest costs reached 47.5% of …
- AfricaAFRICA NEWSBusinessWestern Africa
Nigerian B2B e-commerce platform Omnibiz secures $15 million Pre-Series A
Omnibiz, a Nigerian B2B e-commerce platform, has closed a $15M Pre-Series A round led by Timon Capital. Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria and Musha Ventures also participated …
- Global NewsNewsSpotlightTrending Today
‘Dangerous Misogynist’ Andrew Tate banned from Instagram and Facebook
Controversial online influencer and self-described misogynist Andrew Tate has been banned from Meta platforms Instagram and Facebook. The former kickboxer and reality TV star was removed for violating Meta policies “on dangerous organizations and …
- AfricaAFRICA NEWSBusinessEnergyNewsNigeriaWestern Africa
FG calls on Nigerians to embrace clean energy innovations
The federal government of Nigeria has called on all Nigerians to embrace and support deployment of clean energy innovations and solutions across various sectors of Nigerian economy, even as the …